Moreta Analysis: $500K Raised
What is Moreta?
Moreta offers a platform for local QR payments, facilitating cashless transactions for travelers and expats across Southeast Asia.
Employees
3
Founded
2024
Revenue
$0-5M
Investors
- Tekedia Capital
Product Features & Capabilities
- Local QR payments, QR scan payments, travel budgeting, currency exchange, securely link bank accounts
Pricing
- Platform Fee: 3%
- Credit Card Total Cost: 40 USD (includes merchant surcharge fee of 3% and foreign exchange fee of 1%)
- Cash Withdrawal Total Cost: 46.38 USD (assumes four withdrawals for 1,000 USD)
How much Moreta raised
Pre Seed - $500,000
September 25, 2024Lead Investor: Y Combinator
Who are the founders of Moreta
WM
Walid Mah'd
Co-Founder & CEO
SY
Sam Yu
Co-Founder & CTO
Market Focus
Moreta primarily focuses on the financial technology (fintech) industry, specifically in the area of cashless payment solutions through local QR payments for travelers, expats, and nomads in Southeast Asia.
Business Model
Transaction fees, subscription fees, and merchant discount rates drive revenue generation.
Competitors Overview
Moreta operates in the local QR payment market in Southeast Asia, where it faces competition from several notable players:
- GrabPay: A widely used digital wallet in Southeast Asia, GrabPay allows users to make payments for rides, food delivery, and various services. Its integration with the G
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